Salzgitter AG (OTCMKTS:SZGPY) Given Average Recommendation of “Moderate Buy” by Analysts

Salzgitter AG (OTCMKTS:SZGPY) has received an average rating of “Moderate Buy” from the eight research firms that are covering the firm, MarketBeat.com reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company.

SZGPY has been the subject of a number of research analyst reports. Citigroup reaffirmed a “neutral” rating on shares of Salzgitter in a research note on Wednesday, May 20th. Morgan Stanley upgraded shares of Salzgitter from an “underweight” rating to an “overweight” rating in a research note on Monday, June 1st. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Salzgitter in a research note on Wednesday, May 13th.

Salzgitter Stock Performance

OTCMKTS:SZGPY opened at $7.10 on Wednesday. The stock has a market cap of $3.84 billion, a price-to-earnings ratio of 78.89 and a beta of 1.65. Salzgitter has a 1 year low of $2.09 and a 1 year high of $7.99. The business has a fifty day moving average of $6.00 and a 200-day moving average of $5.47.

Salzgitter (OTCMKTS:SZGPY) last posted its quarterly earnings data on Tuesday, May 12th. The basic materials company reported $0.17 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.09. The business had revenue of $2.74 billion during the quarter, compared to the consensus estimate of $2.53 billion. Salzgitter had a net margin of 0.49% and a return on equity of 1.02%.

Salzgitter Company Profile

Salzgitter AG is a leading European steel producer headquartered in Salzgitter, Germany. The company operates an integrated steelworks, encompassing ironmaking, steelmaking, continuous casting and rolling mills. Its core business revolves around the production and processing of steel products for various industries, including automotive, construction, mechanical engineering and energy.

Founded in 1937 as part of Germany’s industrial expansion, Salzgitter evolved through post-war reconstruction and state ownership before being privatized in the late 1990s.